Papua New Guinea (PNG) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Singapore Trade: In 2022, Papua New Guinea exported $190M to Singapore. The main products that Papua New Guinea exported to Singapore were Platinum Clad Metals ($80.7M), Crude Petroleum ($58.4M), and Refined Petroleum ($26.1M). Over the past 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 2.19%, from $212M in 2017 to $190M in 2022.

In 2022, Papua New Guinea did not export any services to Singapore.

Singapore-Papua New Guinea Trade: In 2022, Singapore exported $857M to Papua New Guinea. The main products that Singapore exported to Papua New Guinea were Refined Petroleum ($572M), Industrial Fatty Acids, Oils and Alcohols ($63.9M), and Other Edible Preparations ($62.6M). Over the past 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 9.55%, from $452M in 2017 to $857M in 2022.

In 2022, Singapore did not export any services to Papua New Guinea.

Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Papua New Guinea exported $190M to Singapore. The main products exported from Papua New Guinea to Singapore were Platinum Clad Metals ($80.7M), Crude Petroleum ($58.4M), and Refined Petroleum ($26.1M). During the last 5 years the exports of Papua New Guinea to Singapore have decreased at an annualized rate of 2.19%, from $212M in 2017 to $190M in 2022.

In 2017, Singapore exported $857M to Papua New Guinea. The main products exported from Singapore to Papua New Guinea were Refined Petroleum ($572M), Industrial Fatty Acids, Oils and Alcohols ($63.9M), and Other Edible Preparations ($62.6M). During the last 5 years the exports of Singapore to Papua New Guinea have increased at an annualized rate of 9.55%, from $452M in 2022 to $857M in 2017.

Exports from Papua New Guinea () to Singapore () (2022)

Exports from Singapore () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Singapore
Top DestinationHong Kong$51.6B

This map shows whether countries import more from Papua New Guinea or Singapore. Each country is colored based on the difference in imports they receive from Papua New Guinea and Singapore or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Papua New Guinea than from Singapore.

In 2022, countries that imported more from Singapore than Papua New Guinea included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Papua New Guinea and Singapore by product, considering products traded by both, Papua New Guinea and Singapore.

During 2022, Papua New Guinea had a large net trade with Singapore in the exports of Mineral Products ($84.6M), Precious Metals ($81.9M), and Foodstuffs ($13.9M).

During 2017, Singapore had a large net trade with Papua New Guinea in the exports of Mineral Products ($572M), Chemical Products ($84.1M), and Foodstuffs ($73.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Singapore+$40MCrude Petroleum

Top Product Potential Singapore Papua New Guinea+$1.42MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Papua New Guinea and Singapore. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Papua New Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Singapore () (2022)

Exports from Singapore () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Singapore ()

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Singapore () (2022)

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